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Analyzing the Global Political Economy
Andrew Walter & Gautam Sen
With a foreword by Benjamin J. Cohen

Paperback | 2008 | $69.95 | £58.95 | ISBN: 9780691139593
296 pp. | 6 x 9 1/4 | 4 line illus. 7 tables.
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eBook | ISBN: 9781400837809 |
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Ideally suited to upper-undergraduate and graduate students, Analyzing the Global Political Economy critically assesses the convergence between IPE, comparative political economy, and economics. Andrew Walter and Gautam Sen show that a careful engagement with economics is essential for understanding both contemporary IPE and for analyzing the global political economy. The authors also argue that the deployment of more advanced economic theories should not detract from the continuing importance for IPE of key concepts from political science and international relations. IPE students with little or no background in economics will therefore find this book useful, and economics students interested in political economy will be alerted to the comparative strengths of political science and other social science disciplines.

  • A concise look at the foundations of analysis in the political economy of global trade, money, finance, and investment
  • Suitable for upper-undergraduate and graduate students with some or no economic background
  • Techniques and findings from a range of academic disciplines, including international relations, political science, economics, sociology, and history
  • Further reading and useful weblinks including a range of relevant data sources, listed in each chapter


"Walter and Sen's Analyzing the Global Political Economy is more of an academic text than an assessment of the current crisis but it concisely explains the building blocks of the system and gives a historic and philosophical context to our understanding of its evolution and relevance in today's climate."--David Maguire, Shanghai Daily

"[T]his is a useful textbook for an advanced student readership."--Edwin Van De Haar, Political Studies Review

"[A]n excellent summation of the development and themes of economics-oriented IPE."--Matthew Lloyd-Cape, Acta Oeconomica


"By organizing the text in the way they have, the authors tie together several critical areas of international political economy. The material flows nicely from topic to topic, demonstrating what we have learned from economic analysis, how political science approaches the same issue, and then the best results from both disciplines. It really captures the 'state of the art' in our field."--Mark R. Brawley, McGill University

"Analyzing the Global Political Economy shows how a critical engagement with economics contributes to a thorough understanding of international political economy. The volume represents an antidote to approaches that ignore economic rationality and to much post-9/11 thinking that reduces matters in international relations to realist impulses. Walter and Sen focus on what really matters, and provide a smarter, more purposeful introduction to the field."--Timothy J. Sinclair, University of Warwick

"This book will attract teachers seeking a compact core text that introduces key findings from economics and political science in accessible form. The authors are fans of the turn to economics in international political economy but they also note some of its shortcomings."--John Odell, University of Southern California

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Table of Contents:

List of Figures and Tables vii
Foreword Benjamin J. Cohen ix
Preface xi
Abbreviations xv
Chapter 1. International Political Economy 1
Chapter 2. The Emergence of a Multilateral Trading System 27
Chapter 3. The Political Economy of Trade Policy 60
Chapter 4. The Evolution of the International Monetary System 85
Chapter 5. The Consequences of Financial Integration 133
Chapter 6. The Political Economy of Foreign Direct Investment 171
Chapter 7. The Regulation and Policy Consequences of Foreign Direct Investment 201
Chapter 8. Conclusion: Looking Forward 228
Bibliography 241
Index 265

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